Preparing for the New SAS 70: SOC 1, 2 and 3


By Holly Russo

Beginning June 15, 2011, three new Service Organization Controls (SOC) report options will replace SAS 70 reports. With the effective date just around ... read more >

Lease Accounting Simplification

The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) (collectively, “Boards “) have been extremely ... read more >

IRS Issues Guidance on 100% Bonus Depreciation


By Martin DiGiovine

On March 29, 2011, the IRS released awaited guidance (Rev. Proc. 2011-26) concerning the 100% bonus depreciation provision included in the Tax Relief, ... read more >

Shipping Rates Just Increased, Have You Assessed the Impact to Your Business?

Every year small parcel carriers raise their base rates from 4% to7% on an average basis. On top of the base rates, there are many additional surcharges ... read more >

Manufacturers and Search Engine Optimization (SEO)

Where is the one place where anyone in the entire world can find you? If you didn’t think “the Internet,” then think again. The use of ... read more >

400 Sausages, 180 eggs and Lots and Lots of Tax Returns

The super chefs at Schneider Downs whipped up more than 400 sausages (and all the pancakes our CPAs could eat) at this year's annual Busy Season Pancake Breakfast.... read more >

PCAOB Proposals Regarding Broker-Dealers and Their Auditors


By Shawn Edwards

In December 2010, the Public Company Accounting Oversight Board (PCAOB) issued proposed guidance that will affect both broker-dealers and their auditors. ... read more >

Know Your Responsibilities When Outsourcing Certain Benefit Plan Functions


By Timothy Hammer

The hiring of third-party administrators (TPA) does not relieve plan administrators of their fiduciary responsibilities regarding the operation of certain ... read more >

Treasury Issues Final Rules Regarding Foreign Financial Account Reporting


By Ron Kramer

On February 23, 2011, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued final changes to regulations implementing the ... read more >

How will Japan affect global manufacturing?

Undoubtedly, we’ve all been aware of the recent devastation in Japan. Parts of Northern Japan have been wrecked and the damage extends throughout ... read more >